 "bharat forge")
Don't want to miss the best from Business Standard?
Auto components major Bharat Forge on Tuesday said it has inked an MoU with the Tamil Nadu government to invest Rs 1,000 crore over a period of five years to expand manufacturing footprint in the state.
The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.
The MoU is non binding and at present does not have a material impact on operations of the company, it added.
Bharat Forge shares were trading 1.09 per cent up at Rs 1,271.10 apiece on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
